tag:blogger.com,1999:blog-36360371.post6078591592384940949..comments2016-12-08T11:35:44.239-08:00Comments on Sons of Steve Garvey: Frank McCourt Will Be a Billionaire, Albeit BrieflySteve Saxhttp://www.blogger.com/profile/00930320282262607468noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-36360371.post-33352539614852285452011-11-14T11:05:00.528-08:002011-11-14T11:05:00.528-08:00Kenley Jansen got two third-place votes in the NLR...Kenley Jansen got two third-place votes in the NLROY.Mr. LA Sports Czarhttp://www.blogger.com/profile/08973447602451236780noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-17499180261469575662011-11-14T10:43:51.274-08:002011-11-14T10:43:51.274-08:00Ken Rosenthal at Fox Sports is in sync with Buster...Ken Rosenthal at Fox Sports is in sync with Buster Olney. Matty is very close to inking an 8 year contract worth $160 Million.<br /><br />Git R Done!MeanieBreaniehttp://www.blogger.com/profile/10369980714988991741noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-56422830546032381572011-11-14T10:35:33.625-08:002011-11-14T10:35:33.625-08:00Actually, Jamie is quite smart for taking the cash...Actually, Jamie is quite smart for taking the cash and run.<br /><br />She&#39;s getting $131MM of cash (net net, e.g. the amount that Frank would have to pay her as well as the IRS is probably something closer to $165MM, using a VERY conservative 25% tax bill, their smart tax attorney will find a way to get that number as low as possible).<br /><br />Frank is also promising, per their agreement, to indemnify Jamie of any potential tax liabilities pre-settlement. The McCourts took something on the order of $150MM in distributions through the use of &quot;loans&quot; in order to get around paying income taxes on that. So, again, if we use that 25% rate, this results in an additional $37.5MM not counting any other penalties that would be applied retroactively. Why don&#39;t we peg that at 10% (almost certainly higher but I&#39;m too lazy to look the shit up). So, add another $15MM.<br /><br />So we&#39;re looking at a total of:<br />$131MM cash<br />$83MM or thereabouts in taxes and other charges<br />Not to mention Jamie gets all properties other than the 2 Massachusetts properties. However, since they have mortgages attached to them, why don&#39;t we just use a placeholder of $0.<br /><br />So Jamies walks away with over $200MM AND no more headaches about any potential litigation with the IRS or any other party. Since we all know Jamie McCourt has been the risk averse half of the marriage, I&#39;d say she&#39;s walking away pretty happy.<br /><br />Not to mention nobody has any idea how much cash Frank is going to walk away with even if the Dodgers sell for north of $1B and Jamie will the first creditor once the deal closes. More than likely, Jamie will end up with more cash than Frank McCourt.Greg Haohttp://www.blogger.com/profile/01805996565667458046noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-82543381288192048402011-11-14T09:39:24.098-08:002011-11-14T09:39:24.098-08:00GET IT DONE, NEDGET IT DONE, NEDMr. LA Sports Czarhttp://www.blogger.com/profile/08973447602451236780noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-60046961075656021572011-11-14T09:29:00.219-08:002011-11-14T09:29:00.219-08:00And Matty might be getting paid more than Jamie!And Matty might be getting paid more than Jamie!Fred's Brimhttp://www.blogger.com/profile/06689859663838105360noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-57486811527996891782011-11-14T09:16:53.164-08:002011-11-14T09:16:53.164-08:00DO
IT
!!!!!!!!!!!!!DO<br />IT<br />!!!!!!!!!!!!!Fred's Brimhttp://www.blogger.com/profile/06689859663838105360noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-38760146604566932962011-11-14T09:01:48.785-08:002011-11-14T09:01:48.785-08:00KEMPKEMPKEMPKEMPKEMP
Buster Olney better not be l...KEMPKEMPKEMPKEMPKEMP<br /><br />Buster Olney better not be lying to me!Josh S.http://www.blogger.com/profile/01063914972171786747noreply@blogger.comtag:blogger.com,1999:blog-36360371.post-63095055862614864432011-11-14T07:19:49.601-08:002011-11-14T07:19:49.601-08:00I haven&#39;t been keeping up on all of the new ow...I haven&#39;t been keeping up on all of the new ownership rumors. Has there been any more talk of the publicly-owned model that came up last season?Fred's Brimhttp://www.blogger.com/profile/06689859663838105360noreply@blogger.com